Langholm Initiative’s £3.8 Million Properties Acquisition

Langholm Initiative's £3.8 Million Properties Acquisition

Harper Macleod advised the Langholm Initiative on the deal.Langholm Initiative, a community body and charity, purchased 5200 acres and six properties around the town from Buccleuch Estates.

The aim of the Langholm Initiative is to help regenerate the area, develop tourism (in keeping with the natural environment) and play a part in Scotland’s efforts to address climate change. Among other things the deal will allow the community to move forward with plans to create the Tarras Valley Nature Reserve.

Led by Partner Calum MacLeod (Picture), supported by Associate Tom Gray and a team of specialists throughout the firm, Harper Macleod advised on the conveyancing aspects of the transaction, as well as a unique funding package which was backed by three secured lenders.

Involved fees earner: Tom Gray – Harper Macleod LLP; Calum MacLeod – Harper Macleod LLP; Law Firms: Harper Macleod LLP; Clients: Langholm Initiative;